Strand Global Macro Talks EP 2 | Marcus Szemruk | CIO Umbra Capital

Umbra Capital's CIO Marcus Szemruk joins the podcast today hosted by Hugo Raffard and Jinwoo Jung to discuss risk management and portfolio construction in volatile markets, drawing on his buy-side equity research background to explore how conviction, valuation discipline, and macro awareness interact when fear drives markets, while offering perspective on measuring risk beyond conventional metrics and advice for students entering the industry.